Property Overview: 14 Speyside Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1976 on a generous, nearly 6,000 sqft lot in the Betsworth neighbourhood. Its key features include a fully finished basement and a detached garage. The data reveals a property with balanced strengths: it sits on a larger-than-average lot for the area and is notably newer than most homes on its street. While the living space (888 sqft) is compact, the finished basement effectively expands the usable area. The home’s assessed value positions it as a solid, mid-range option within the broader Winnipeg market.
The appeal lies in its practicality and lot size. It suits first-time buyers or downsizers looking for a manageable, single-level layout without sacrificing outdoor space. The finished basement adds valuable flexibility for a family room, home office, or guest space. A thoughtful perspective is that this home represents a "value-hold" proposition—it may not lead the pack in sheer size, but its newer build year for the street and above-average lot offer a stable foundation in a mature community, appealing to those seeking a sensible, long-term home without the premium of a brand-new build.
Frequently Asked Questions
1. How does the age of the home affect its condition and potential costs?
Built in 1976, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the home's higher ranking for age on its street suggests it may be in relatively better condition than many neighbours.
2. Is the 888 sqft living area sufficient for a family?
The main floor living space is compact. However, the fully finished basement significantly increases the total usable square footage, creating room for additional living, play, or work areas. This layout can work well for a small family that utilizes the entire footprint.
3. What do the ranking percentages actually mean for value?
They show the home's position relative to others. For example, being newer than 93% of houses on its street is a strong positive. Being on a larger lot than 68% of all Winnipeg homes is also a key asset. These rankings highlight where the property has competitive advantages.
4. What is the Betsworth neighbourhood like?
As a mature Winnipeg community, Betsworth typically offers established amenities, parks, and schools. The specific street's data shows a mix of older and newer homes, suggesting a neighbourhood with a varied character that has seen updates over time.
5. Why is there a difference between the assessed value and the listing price?
The assessed value ($367,000) is for municipal tax purposes and is based on mass appraisal methods from a prior date. The listing price is set by the seller and reflects current market conditions, the home's specific features, and recent comparable sales.